Dow loses steam as Merck tumbles

CBS.MarketWatch.com

NEW YORK (CBS.MW) -- The Dow Industrials watched neat gains that came following a Fed rate cut turn into losses Tuesday as shares of Merck plunged on a somber outlook for 2002. And the Nasdaq ended only slightly higher as enthusiastic buyers became cautious in late afternoon dealings. See full story.

Merck's shares tumble after lowered profit forecast

WHITEHOUSE STATION, N.J. (CBS.MW) -- Shares of Merck & Co. tumbled as much as 10 percent Tuesday after the pharmaceutical giant said it would fall below Wall Street's earnings expectations for next year. See full story.

Nokia upbeat on Q4 earnings

LONDON (FTMW) - Nokia , the world's biggest mobile phone maker, delivered an upbeat mid-quarter trading update on Tuesday, saying it expected fourth quarter earnings to come in at the top end of its forecasts or even exceed them. See full story.

White House offers stimulus compromise

WASHINGTON (CBS.MW) -- The White House indicated it was ready to give ground on proposed tax breaks and other measures Tuesday in an effort to jumpstart stalled congressional negotiations on an economic stimulus package. See full story.

U.S. indicts French-Moroccan in Sept. 11 attacks

WASHINGTON (CBS.MW) -- A federal grand jury on Tuesday indicted a French-Moroccan man of conspiracy in the Sept. 11 terrorist attacks, the first indictment directly related to the incident. See full story.

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